Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, Dear Sir I am writing to you regarding Wall Street and retirees like me that depend on their advice to manage our 401k, 457 and any other retirement accounts that we will live on during our retirement years. We have saved during the years that we have worked and have dep need in these individuals along the way. However, the results in our accounts do not appear to have matured like the returns that Wall Street gains have achieved. We need legislation that will protect us all along the way as we save an more importantly as we retire and draw in these accounts. Millions of Americans like me are counting on our IRAs, 401(k)s and other retirement accounts for a secure financial future and we've worked hard to build and grow our savings. We should be able to trust our financial advisers to put our interests first. But loopholes in the current law make it easy for many advisers to take advantage of hard-working Americans and line their own pockets with our retirement savings. Hidden fees and bad advice costs Americans billions of dollars every year, and we deserve better. Close this loophole and ensure a higher standard than the currently proposed rule. Hold anyone who gives financial advice genuinely accountable for helping everyday Americans choose the best investments for us, our families, and our future. We don't need or want a standard that just makes our brokers and bankers richer. I'm counting on you to make a stronger rule that closes the loophole. Americans who've worked hard to save for retirement deserve peace of mind about their financial security. Sincerely, Mr. Alfonso Juarez III